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The section below was added presumably by the study's author to this article under the heading "Relevant Academic Research". However, we don't include such sections as they would logically end up as a long list of related papers. As a result, I've removed the section to the talk page in hopes that various editors can parse it for inclusion within the body of the article (along with the relevant citation). I don't know if the cited journal is of any merit, but I'm happy to presume it is until someone can present evidence otherwise - my concern is simply one of article structure. Rklawton (talk) 14:46, 14 June 2011 (UTC)[reply]
"Decision-making research has revealed that the debt-snowball method is a very common approach to managing multiple debts, even when larger debts have larger interest rates.[1] Amar, Ariely, Ayal, Cryder, and Rick (2011) observed this tendency in surveys of indebted consumers and in incentive-compatible laboratory experiments. Amar et al. (2011) found that restricting laboratory participants’ ability to completely pay off small debts actually helped them to reduce overall debt more quickly, by refocusing their attention on paying off high-interest debts. The natural tendency to pay off small debts first (which Amar et al. termed "debt account aversion") has been attributed to the appeal of achieving goals that are near completion and the tendency for multiple losses (e.g., debts) to be more distressing than a single loss of equivalent total value."
